Upper West Side Office Space

Upper West Side

Office Space Market Report

Number of Listings (last 90 days)
23
Median Rate ($/sqft/yr)
$108
Median Size (sqft)
500
As of: December 8, 2016

Upper West Side Rates

The typical asking rate per listing is in the $80's per square foot per year. The Upper West Side region is going through a an increase in rates. In the last 3 months, the median rate increased $38 per sqft per year. That's a 79% increase in rent.

Compared to the rest of the New York City market, the Upper West Side submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.

Upper West Side Listing Supply

In the last 90 days, 18 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 6% of the available leases in the Upper West Side are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,000 sqft. Most properties in this area are around 5 floors. Most buildings in this region were built in 1923 and are Class B.

Upper West Side Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Most of the occupants of Upper West Side work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Upper West Side.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Upper West Side.
Research